Internal Auditor at Otech Microfinance Bank Limited

Key Responsibilities

Audit Planning & Execution

• Develop and implement an annual internal audit plan based on risk assessment and management input.
• Conduct scheduled and unscheduled audits across departments and branches.
• Evaluate internal control systems and recommend improvements.

Risk Management & Internal Control

• Identify potential areas of operational and financial risk.
• Ensure effective internal controls are in place to mitigate financial and reputational risk.
• Monitor adherence to policies, procedures, and regulatory requirements (e.g., CBN guidelines, AML/CFT, KYC).

Compliance & Regulatory Review

• Verify compliance with statutory laws and internal regulations.
• Monitor timely and accurate regulatory returns (e.g; CBN, NDIC, FIRS, etc).
• Conduct periodic reviews to ensure anti-money laundering and fraud prevention mechanism are enforced.

Reporting

• Prepare and submit monthly, quarterly, and annual internal audit reports to the board Audit Committe.
• Communicate audit findings recommendations to management and follow up on implementation.
• Maintain detailed and accurate audit work papers.

Advisory & Government Support

• Provide advisory support to management on process improvement and policy formulation.
• Participate in policy reviews and contribute to good corporate governance practices.
• Serve as secretary to the Board of Audit Committee.

Investigation

• Conduct special investigations on suspected fraud, misconduct, or whistleblower concerns.
• Prepare investigative reports with documented evidence and recommendations for action.